So if a person buys shares for R23 how can he claim losses from R57????
PS!!
Posted 25 April 2019 - 02:02 PM
So if a person buys shares for R23 how can he claim losses from R57????
PS!!
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
Posted 25 April 2019 - 02:01 PM
Interesting stats for thought:
In 2014 or there about Actis bought 42.5% of Tekkie Town for R720 mil which valued the full 100% of Tekkie Town R1,694 mil.
https://sasportstrad...t-of-steinhoff/
Two year later Tekkie Town - Van Huyssteen’s team, along with private equity firm Actis (which owned most of Tekkie Town
then) agreed to sell the business to Steinhoff for R3.25bn.
So that's a massive 100% profit not to mention the additional bonus for the fat cats!
Its amazing then no one complained that the then SNH shareholders were being shafted but now when things did not go well want
money back.
I hope the judges can see through the greed!!
Question you should ask yourself is did those guys know at that time this was a PS???
The answer is No!!
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
Posted 25 April 2019 - 02:00 PM
Importantly this entire transaction may have been facilitated by mh with a backhand or under the table arrangement. Everything is up for scrutiny......
Sent from my SM-G950F using Sharenet Sharechat mobile app
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
Posted 25 April 2019 - 02:00 PM
For TOM: Its interesting no one complained when the trough was full.
"Along with the sale agreement, Steinhoff and the Tekkie Town top brass entered into an "earn-out" deal"
https://www.business...-missing-r273m/
Highlight:
"But while Actis would get cash for its interest in Tekkie Town, Jooste persuaded Van Huyssteen and his colleagues to swap
their shares in Tekkie Town for Steinhoff stock, based on a price of R75.75 a Steinhoff share. In all, they got 43-million
Steinhoff shares. Along with the sale agreement, Steinhoff and the Tekkie Town top brass entered into an "earn-out" deal —
a multiyear contract which gave them the opportunity to earn a bonus should Tekkie Town and a cluster of businesses aligned
with it do well. These businesses would eventually become the speciality division, Steinhoff Africa Retail (Star), which
listed separately on the JSE in September 2017."
Question you should ask yourself is did those guys know at that time this was a PS???
The answer is No!!
Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”
Posted 25 April 2019 - 01:43 PM
Interesting stats for thought:
In 2014 or there about Actis bought 42.5% of Tekkie Town for R720 mil which valued the full 100% of Tekkie Town R1,694 mil.
https://sasportstrad...t-of-steinhoff/
Two year later Tekkie Town - Van Huyssteen’s team, along with private equity firm Actis (which owned most of Tekkie Town
then) agreed to sell the business to Steinhoff for R3.25bn.
So that's a massive 100% profit not to mention the additional bonus for the fat cats!
Its amazing then no one complained that the then SNH shareholders were being shafted but now when things did not go well want
money back.
I hope the judges can see through the greed!!
Posted 25 April 2019 - 12:48 PM
Posted 25 April 2019 - 12:18 PM
Posted 25 April 2019 - 12:16 PM
Posted 24 April 2019 - 03:05 PM
Posted 24 April 2019 - 02:34 PM
https://www.biznews....other-six-weeks
"The Company is today providing an update that it estimates that it will publish the 2017 and 2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of May 2019"[/size]
How to you get 7 trading days for AFS?[/size]
Posted 24 April 2019 - 02:13 PM
AFS 2017 expected 7 May 2019
Yes...at Group level (Steinhoff International Holdings NV).
The Group estimates that it will publish its audited financial statements on the following dates:
• Group 2017 financial results – 7 May 2019,
• Group 2018 financial results – 18 June 2019,
• Steinhoff Investment Holdings Ltd 2017 – 28 June 2019, and
• Steinhoff Investment Holdings 2018 – 28 June 2019.
Best Regards
Captainfrom82
Posted 24 April 2019 - 02:08 PM
https://www.biznews....other-six-weeks
"The Company is today providing an update that it estimates that it will publish the 2017 and 2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of May 2019"
How to you get 7 trading days for AFS?
This is not the Steinhoff International AFS. This is the AFS for Steinhoff Investment Holdings Limited.
In effect, this is the issuing company of the preference shares.
Best Regards
Captainfrom82
Posted 24 April 2019 - 01:59 PM
postponement of financials The Group estimates that it will publish its audited financial statements on the following dates: • Group 2017 financial results – 7 May 2019, • Group 2018 financial results – 18 June 2019, • Steinhoff Investment Holdings Ltd 2017 – 28 June 2019, and • Steinhoff Investment Holdings 2018 – 28 June 2019.
AFS 2017 expected 7 May 2019
Posted 24 April 2019 - 01:15 PM
7 trading days to the AFS!!!!
https://www.biznews....other-six-weeks
"The Company is today providing an update that it estimates that it will publish the 2017 and 2018 audited financial statements for Steinhoff Investment Holdings Limited by the end of May 2019"
How to you get 7 trading days for AFS?
Posted 24 April 2019 - 12:58 PM
Posted 24 April 2019 - 12:56 PM
7 trading days to the AFS!!!!Still a couple weeks for AFS, im hoping it stabilizes when whatever news we are about to receive and not the normal pump and then dump
Posted 24 April 2019 - 12:54 PM
Let’s hope for AFS and that it’s a good one
Still a couple weeks for AFS, im hoping it stabilizes when whatever news we are about to receive and not the normal pump and then dump
Posted 24 April 2019 - 12:53 PM
Posted 24 April 2019 - 12:03 PM
Posted 24 April 2019 - 11:46 AM